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Euro Forecast Remains Bullish on Sentiment Extremes
Friday, 18 September 2009 15:00:55 GMT  |  David Rodriguez, Quantitative Strategist
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EURUSD - The ratio of long to short positions in the EURUSD stands at -2.30 as nearly 70% of traders are short. Yesterday, the ratio was at -2.65 as 73% of open positions were short. In detail, long positions are 6.9% higher than yesterday and 13.7% stronger since last week. Short positions are 7.2% lower than yesterday and 4.0% stronger since last week. Open interest is 3.3% weaker than yesterday and 9.8% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

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